Key to the Wells Fargo-Fed Deal: Holding Directors Accountable

New York Times, Feb. 4, 2018–Emily Flitter, Binyamin Applebaum, David Enrich
After three weeks of frenzied negotiations, a deal was announced on Friday night that represented a milestone in the evolving relationship between regulators and banks. Wells Fargo, one of the country’s largest banks, was banned from getting bigger until it can convince regulators that it has cleaned up its act.